According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs.
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What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.
Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
Connect with a local real estate professional so you can make your best move this year.
With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common.
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If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home.
Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today.
Connect with a real estate professional to find a house that meets your changing needs and has plenty of space for you and your loved ones.
If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes.
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With inflation driving up the cost of everyday items, seeking out an energy-efficient home can be a great way to decrease the expenses you can control.
Energy efficiency can help lower your utility bills and possibly even save you money on your taxes. Options to look for include efficient appliances, windows, and solar panels.
If it’s your goal to buy a home this year, consider energy efficiency. Work with a trusted real estate advisor to learn more about features that can save you money for years to come.
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Knowing key housing terms and how they relate to today’s market is important. For example, when mortgage rates and home prices rise, it impacts how much home you can afford.
Terms like appraisal (what lenders rely on to validate a home’s value) and the inspection contingency (which gives buyers essential information on a home’s condition) directly impact the transaction.
Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. Lean on a trusted advisor so you have an expert guide and advice for any questions that may come up.
If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you?
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